Mortgage Payment Calculator
Calculate your bi-weekly, monthly or weekly payment
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20.0% · $150,000 of purchase price
CMHC mortgage insurance required
Your down payment of -- triggers mandatory CMHC default insurance. The premium is added to your mortgage — not paid upfront.
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3.84%
Land Transfer Tax Calculator
Ontario LTT + Toronto municipal LTT + first-time buyer rebates
Ontario charges land transfer tax on all purchases. Toronto buyers pay a second municipal LTT on top. First-time buyers can claim rebates on both.
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First-time home buyerApply Ontario rebate (max $4,000) and Toronto rebate if applicable (max $4,475)
CMHC Insurance Calculator
Required when down payment is less than 20%
CMHC mortgage default insurance is required when your down payment is less than 20%. Ontario charges 8% PST on the premium — paid in cash at closing, not added to mortgage.
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Amortization Schedule
Year-by-year principal, interest, and balance breakdown
See how your mortgage balance, principal payments, and interest change year by year over your full amortization period.
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3.84%
Mortgage Stress Test
OSFI qualifying rate — maximum mortgage you can qualify for
Since 2018, federally regulated lenders must qualify you at the higher of your contract rate + 2% or 5.25%. Enter your details to see your maximum qualifying mortgage.
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Car, credit cards, student loans
3.84%
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Closing Costs Calculator
Full Ontario-specific breakdown — beyond your down payment
Beyond your down payment, budget 1.5–4% of the purchase price for closing costs. This calculator gives you a detailed Ontario-specific estimate.
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